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Suppose you own a convertible bond that has a conversion ratio equal to 80. Each convertible bond has a face value equal to $1,000. The

Suppose you own a convertible bond that has a conversion ratio equal to 80. Each convertible bond has a face value equal to $1,000. The current market value of the company's common stock is $15, and the bond is selling for $1,090. If you were to liquidate your position today because you need money to pay bills, should you sell the bond or should you convert the bond into common stock and then sell the stock? Explain your answer.

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